In May, Delinquency Rates for Large Corporations, SMEs, and Household Loans All Increased... Up 0.02%p from Previous Month
Credit Loan Delinquency Rate Up 0.05%p
Delinquency Rates Also Rise for Large and Medium-Sized Enterprise Loans
[Asia Economy Reporter Kim Hyo-jin] As of the end of May, the delinquency rate on large corporate loans at domestic banks rose by 0.03 percentage points compared to the previous month. Delinquency rates for small and medium-sized enterprises (SMEs) and household loans also saw slight increases.
According to the Financial Supervisory Service on the 13th, the delinquency rate on won-denominated loans at domestic banks (based on principal and interest overdue by more than one month) was provisionally estimated at 0.42% at the end of May, up 0.02 percentage points from the end of the previous month. Compared to the end of May last year, it decreased by 0.08 percentage points.
In May, the amount of newly incurred delinquencies decreased by 200 billion won compared to the previous month, and the amount of delinquent loans resolved decreased by 300 billion won. By borrower type, the delinquency rate on corporate loans was 0.52% at the end of May, up 0.02 percentage points from the end of the previous month.
The delinquency rate on large corporate loans rose 0.03 percentage points to 0.24% compared to the end of the previous month, while the delinquency rate on SME loans increased by 0.02 percentage points to 0.59%. The delinquency rate for small corporations (0.77%) and individual business loans (0.37%) rose by 0.03 percentage points and 0.01 percentage points, respectively, compared to the end of the previous month.
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The delinquency rate on household loans was 0.30%, up 0.01 percentage points from the end of the previous month. Among these, the delinquency rate on mortgage loans remained unchanged at 0.20%, while the delinquency rate on credit loans excluding mortgage loans rose 0.05 percentage points to 0.53% compared to the end of the previous month.
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